The Down Jones became overbought right away after Donald Trump won the presidential election. He made promises of an incredible tax plan, even though the economists stated it didn't make financial sense and would significantly add to the countries debt. We have been overbought ever since he won, and have been showing a bearish divergence for months on the weekly and daily RSI. We are more overbought on the monthly RSI than we were before the start of the 2007-2008 financial crisis.
This week we are going to get a look at this tax plan.
The market bought the rumor. Now let's see if the news causes the sell off.
This week we are going to get a look at this tax plan.
The market bought the rumor. Now let's see if the news causes the sell off.